tv Pres. Biden Remarks on Supply Chains the Economy CSPAN April 15, 2022 4:25am-5:10am EDT
after being on campus for four years, i can attest to the excellent location that it provides. i've been taught by dedicated professors and individuals who saw my potential to positively impact this world. i have interned at four different companies, participated and one a competition and traveled abroad. this and so much more is possible by investment in hbcus. north carolina graduates the highest number of engineers who go on to have successful careers. there is always a need for problem solvers who can tackle
the most difficult issues including those involving the economy and hbcus prepare students for the challenge. the key to this preparation is innovation. our many centers of excellence and the new complex. students regardless of major graduate with the skills needed to transform their respective fields. needless to say, is a graduate next month, i am equipped with the knowledge i needed to excel in all aspects of life. i am excited to see hbcus rise in confidence and i cannot wait to see how the impact america in the future. with that, please give a warm welcome to the president of the united states, joe biden. [applause]
chairman of the border member be ok? if i say joe's here, i don't want to hear joe who, ok? thank you for the passport into the city. it is great to be here with a congresswoman who delivers. kathy, you do an incredible job. no, you really do, you really do. my dear friend, congressman g.k. butterfield who i see here. there you go. stand up. i want you to stand up. this guy -- he has done so much over his distinguished career for the last 20 years or so. i wish you were not leaving, pal. i wish you were not leaving, but i understand and i thank you for all you have done. congresswoman adams, where is she? there you are.
how are you? you're the best. thank you for all of the hard work for hbcus, not just this one but all across the country. thank you, thank you, thank you. and your outstanding governor, one of the best governors in the united states of america, i say without reservation, governor ray cooper. -- governor roy cooper. he has proved himself to be not a joke one of the finest governors in the nation. he has displayed so many talents. he had the lloyd -- deployed funding to deliver college for people of north carolina. high-speed internet to rural community's. he has delivered a well-deserved raise to teachers and first responders. thank you for making a difference to the families in north carolina. you've set an example across the country. thank you. and look, you can cheer, it's all right.
there is a debate in my administration that we never seem to be able to settle. and that is that the vice president who is incredible talented, she is a howard graduate. a great school and i hear about morehouse manager, my senior advisor, all the time. and you've got a great university here. but delaware state. delaware state. they launched me into my career, not a joke. i got elected to the united states senate when i was 29 years old, chancellor. i had to wait 17 days to be eligible to be sworn in, true story. and it would not have happened and i won by arousing 3021 votes. and it would not have happened without delaware state. most people don't realize delaware has the eighth largest
black population in america. and the fact is that is as i say and claremont, delaware, where i was raised in a steel town in delaware, you brought me to the dance. but here's the deal, i've got to jessica never in my can who was slightly partial north carolina. -- i got an administrator in my cabinet who is partial to north carolina. of course, you never hear michael bragging about the place. as long as you do not have your hearing aid on. but look, he is a proud aggie and welcome back to the campus, michael. let me tell you, talking about some incredible students here today, i know i'm michael is so proud of this school. i really mean it. a and t is an extraordinary, extraordinary university with a great tradition. in hbcu tradition. and now more than 180 years of
excellence delivering on that sacred promise we made in america. every american, every race, every background, every zip code, should have a fair and equal chance to go as far as their god-given talents can take them. and you are providing that here, chancellor. because there are so many, so many great professors here in the program. you're giving people an opportunity to take advantage of their god-given talent. that is why i reestablished the president's board of advisors on hbcus. on not one, but two north carolina alums. willie dees and jamie, are you here? are you here? stand up. stand up. thank you. [applause] pres. biden: that also includes
a proud north carolina native, nba star chris paul. by the way, he is a heck of a ballplayer. who supports the business course here at aa nt t and is a fierce champion for all hbcus. that's why i signed an executive order to advance hbcu excellence across the administration. everything from policies to funding. speaking of funding, we were able to deliver more than $5 billion last year to hbcus and more to come this year. $5 billion. they said we could not do it. but everybody has realized what an incredible asset the hbcus are. we are also working to increase pell grant's to help millions of black students in lower income families attend community colleges and four-year schools. the reason my wife is not with me is she is a community college
professor teaching as we speak. i'm here today to talk about my plan to create and expand hbcu programs in high demand fields like cybersecurity, advanced manufacturing, health care and so much more. and to talk about why it is so critical that we have to invest in american manufacturing. and if my dad were watching now, he passed away, if he were watching he would say -- excuse my back to you, i apologize. excuse my back. i'm not looking at you. you know, i wanted congress to take action quickly to support american innovation. i said today while i was we were at the cybersecurity that the world is going to change in the next 10 years. exchanged in the last 50 years. science and technology is moving so incredibly rapidly it's all part of a broader vision.
made in america. usually products parts and materials built in america, bringing manufacturing jobs to building supply chains at home, not outsourcing from abroad. it means relying on american workers. it takes the federal government and does not just give observance to -- lipservice to black americans. most people don't know, another know the congresswoman knows, there has been a long dusty lawn the book books since the late 30's that says -- there has been a law on the books since the late 30's that says you can use american tax dollars. they should be spent on american products. american products. american businesses. every administration says they will do it since the late 30's. but now, over time, by america has become a hollow promise. my administration is making buy
america a reality. we created an office in the white house, made in america policies to oversee these efforts. what has happened is that the exception used to be that the president spends about six to $700 billion of your money on federal projects every year. aircraft carriers and so much more. and it is supposed to buy american businesses in american products. but the fact of the matter is that there is an exception. you cannot readily find an american institution that was part of the supply chain and or the company and ask if you can buy it abroad. you can import it. last month i announced one of the biggest changes of the buy american act in 70 years. each year the federal government spends more than 600 billion dollars on goods and services. in the past, it is a manufacturing product that you get purchased by the federal government says it is substantially all --
substantially all in america. because of loopholes over time, now it is substantially -- when i took office, 55% of the product was made up of american business, american product. it was substantially all and american product. well, guess what? to me, 55% is not substantially altered it is slightly over half. -- is not substantially all. we should raise the amount of domestic content to be considered made in america from 55 to 70%. substantially all is going to start meeting substantially all. that's good for american workers and american businesses, for community's like greensboro. and i want to think congresswoman manning who has been a strong, strong supporter of buy american. now we are seeing the results of our economic revision. our economy created 431,000 jobs in the month of march alone. 431,000. 7.9 million jobs over the course
of my presidency. more jobs in the 14 months i have been president than any president ever created in american history. unemployment at 3.6% is down from 6.4% when we took office 14 months ago. it is the fastest decline in unemployment to start a president's term. north carolina, thinks to the american rescue plan and the leadership of governor cooper, has added 194,000 jobs in the last 14 months. 194,000 jobs. good jobs. [applause] pres. biden: that's 67,000 jobs. where the state was before the pandemic hit, unlike past recoveries, the american rescue plan, we made a choice to make everyone -- bring everyone along. not only has the unemployment rate dropped at a record pace in
north carolina and across the nation, but black unemployment fell by more than 30%. more than 30%. [applause] pres. biden: hispanic unemployment fell from 9% to 4.2% in the year 2021. the fastest single drop ever recorded. we had the largest one-year drop in long-term unemployment ever recorded in american history. [applause] pres. biden: look, folks, we have seen at the lowest child poverty rate ever projected with an estimated 40% decline in child poverty. the lowest number of home wrote -- home foreclosures ever recorded. record low credit card delinquencies because family have more money to pay their bills. the list goes on. all totaled, this economy grew by 5.7% last year in 2021. the fastest growth in 40 years. in the process, during all of
this, we cut the deficit last year by 350 billion dollars. just last year alone. and by an additional $1 trillion this year if the budget goes through. so folks, don't tell me this idea is the only way to grow an economy. we are actually lowering the deficit, not increasing it. and after a long tough stretch, americans are back to work, our economy has gone from being -- is going to being on the moon. you're still facing challenges of high prices, inflation. i grew up in a family where when the price of gasoline went up, it was a conversation at the kitchen table with my dad. vladimir putin's invasion of ukraine has given up gas prices and food prices all over the world. ukraine and russia, the one and two largest wheat producers in the world. we are number three.
we saw yesterday, inflation. what people don't know is that 70% of the increase of inflation was because of vladimir putin's price hike because the impact on oil prices. 70%. we need to address these high prices and urgently. for working folks out there. and that is part of why i'm going to talk to you about today why it is so important. when we build more in america we increase economic capacity and it helps lower everyday prices. that is what we are starting to see. look around. american manufacturing is coming back. once again, we are seeing the pride that comes with stamping a product made in america. companies are choosing to build new factories here in america. just a few years ago, as you all know, that would not have been the case. they would have built the
factory overseas. intel, intel is building and the chairman of the board of intel asked to come see me a month ago. he is building a semi conductor mega site. just outside, investing $20 billion. and by the way, we invented this little thing about the size of your fingertip. and guess what russian mark every advance is because of us. we don't make them anymore here. you go to taiwan and other places to get it. eight state-of-the-art factories are going to be in one place that intel is building. 7000 new jobs will link a facility and 3000 jobs running the facility. $135,000 a year average salary. [applause]
pres. biden: making computer chips the size of a fingertip that powered the world in our everyday lives. internet, technology that does not even exist today. if congress passes the bipartisan innovation act with the congressman i talked about and it is on my desk. if someone puts it on my desk right now, intel is ready and committed to act -- add an additional 20 billion $100 billion lower. $120 billion. one site, that is just the start. intel is not alone. we are seeing it right here. thanks to the leadership of governor cooper -- governor cooper. last year's thomas built buses at high point which i went down to see. incredible. what you all are doing is really incredible. they've got the largest order to date in north america to build electric school buses. electric school bus fleets,
which administrator can tell you , forming hundreds of thousands of children who will no longer be inhaling exhaust from diesel school buses. and they function in that role. volvo trucks with their development center in greensburg got the largest commercial order ever, ever for electric trucks. just two months ago -- [applause] pres. biden: two months ago toyota announced it will invest $1.3 billion to build a new electric battery manufacturing plant right here in greensboro. in greensboro. [applause] pres. biden: folks, you know that also means? not just a factory, but idw is going to be putting in 530,000 charging stations throughout america. 530,000. [applause] pres. biden: when the site comes
online, that is going to produce enough batteries to power 800,000 vehicles per year. with room to grow. it is going to create 1750 good paying jobs right here in the greensboro community. [applause] pres. biden: folks, by the way, you know, it is not just -- there is a lot happening in the first and second year. i had the chairman of the board at general motors. remember when 10 months ago she was suing the state of california for having a higher standard required for gasoline, had to go more miles per gallon? she was suing saying you cannot do with the federal government has not done. guess what? we had a big, long talk. it was her idea, not mine. but we had a long talk. guess what? she decided not only would she
drop the suit, but they are going to have 50% of all vehicles made at general motors electric google by the year -- electric vehicles by the year 2023. then ford came along. ford came along. they did the same thing. they are investing billions of dollars, 1.7. i mean, this is a major fundamental shift taking place. and america is finally deciding to catch up and lead it. instead of being outpaced by china and other countries. all told, thus far, we have created 365 thousand new manufacturing jobs in america just last year. that is the best year for u.s. manufacturing in the last 30 years. and even students who are younger, how many when you are coming up here your parents talk about manufacturing is dead in america? not going to happen. there is not a thing, not a single thing america cannot do. not a single thing that we
cannot compete with the rest of the world. i mean it. not a single thing. [applause] pres. biden: good paying jobs, jobs that unite the family, jobs that cannot be outsourced, that doesn't happen in a vacuum. they require investments. we know what happens we stop investing in the future. and places like greensboro, we really do. you or your parents remember what it felt like when things like the textile industry started to climb. delaware used to be a great textile state. it all evaporated. good jobs lost over time. we'll guess what? what it did to families, what it did to neighborhoods, is consequential. because we stop investing in our future for a wild. we stopped investing in our people read i got criticized for investing in the american people. decades ago, we use to
invest 2% of our gross domestic product in a research and development. 2%. we led the world. today, we invest less than 1%. the united states of america will be number one in the world in investing in the future. now we are ranked number nine in research and development. the united states of america. china was number 83 decades ago. now it is number two. other countries are closing in fast. we want to change that. not by hurting other countries, but by developing ourselves. a great opportunity is ahead of us. the bipartisan innovation act that i mentioned. it's going to provide $90 billion in research and development, stem education, manufacturing, all of those elements of the supply chain
that we need to produce and products right here in america. if i told those of you who are closer to my age in the audience -- if we told your parents that we would be here, they would look like we were crazy. what do you mean? we are the leader in the world. not so. congress needs to get this bill to my desk as quickly as possible. economic strength is on the line. and national security as well is on the line. companies are ready to invest in america, in american communities, in american workers. but they need to see that their government is capable of investing in our future. other countries are breaking ahead, but we cannot afford to wait. so congress, get this bipartisan bill to my desk. north carolina needs it, america needs it, and let's meet this moment together. that is exactly what we did to pass the bipartisan infrastructure law.
our infrastructure used to be rated the best in the world. now we ranked number 13 in the world. bridges, roads etc. ranks 13. why do we develop so fast, so well? near port, you can get everything that you manufacture and get everything out to the rest of the world quickly. or something takes three weeks to get it there. it's all about speed. we cannot compete for the jobs and that when he first century if we do not fix our infrastructure. -- the 21st century. thanks to the intersection of law turning things around in a major way. we have already announced more than 3000 airports in 50 states that need serious help. think for his the second or i was out when i was vice president at o'hare airport and
i was trying to get on the air force to go up an escalator. there was a sign at the top, out of order, will be fixed in two weeks. not a joke. the united states of america, one of the busiest airports in the world, fixed in two weeks. i got in trouble because if i take you into o'hare for -- blindfolded in the middle of the night and took you into one of china's airports line folded and said where are you, china or the united states? you would probably think the chinese airport was ours because it is so modern. so different. well, this year, 92 million dollars is available to north carolina alone to upgrade your infrastructure. $92 million. [applause] pres. biden: this year, north
carolina is going to receive $1.4 billion in funding for roads and bridges and others. another 99 billion dedicated to funding for bridges in disrepair. [applause] pres. biden: we are also building a national network of electric charging stations. i mentioned earlier, four vehicles powered by these batteries manufactured in greensboro. next year, they will receive nearly 16 million electric vehicle charging stations. we are also getting rid of poisonous lead pipes that are intended homes in america. and 400,000 schools and daycare centers. they leave serious brain damage, not a joke. so kids and families can have clean drinking water. this year, north carolina
received $199 million for clean water because of that man right there, the governor. . [applause] pres. biden: folks, we are going to deliver affordable, high speed internet everywhere. in urban, rural, suburban and tribal communities. remember three or four months -- two or three months ago when schools were shut down? showing pictures of moms and dads driving to the parking lot of mcdonald's so they can connect to the internet, so the kid can do their homework. not a joke, not a joke. what is going on here? all these investments in research and development and making it in america are really about one thing. empowering more communities to do what you are doing here in greensboro, transforming
yourself into a city. a city of the future, not the past. where instead of factories, we are building green energy technology that will power the future in america and around the world. helping america achieve true energy independence by creating good jobs and fighting climate change. if we continue this, we will not only be the best, we will export billions of dollars worth of products for the rest of the world. a build back better world. all those countries in africa, latin america, the middle east, that do not have the capacity to make it better for themselves, we cut down all of our forests, guess what? we're part of the reason for global warming. a lot of poor countries trivialize the greatest carbon sinks in the world absorbing carbons from the air is the amazon. the amazon absorbs more
pollutants, more carbon in to the soil and the water in the amazon then admitted in the entire night states in one year, every year. -- the entire united states. they do not have money for what they want to do. they want to level it so they can farm it, they can produce. and use of that sink. you know, even reinventing the legacy that greensburg was that greensboro was built on his impossibly. textiles use chips and sensors that do things like regulate temperature and carbon. state-of-the-art facilities that make high quality furniture. above all, you are making greensboro a place where the future is being written, not a joke. the future is being written. great schools like amt and other local universities and critical community colleges can lead, can
lead learning cutting-edge skills at state-of-the-art facilities partnering with local employers. so, look, we can lead the way in robotics, cybersecurity and so much more. and see that success reflected in their communities, not just greensboro but across the country. so friends can have paychecks, good homes, good future. my dad would say -- my dad was a very well read man. his greatest regret was he never got to go to college. and my dad used to say that everybody deserves just a little bit of breathing room. just a little bit of breathing room. i was raised in a three love -- three-bedroom home in scranton. dobbs were gone and -- jobs were gone and with four kids, grandpa
and my mom and dad. and i remember one day you could always hear when dad was restless. and i asked mom on the way to school what's the matter? and she said honey, dad's company just said no more health insurance. no more health insurance. it not only deprives an american of their health, but other dignity. a child, husband, wife needs help. if you can't get the help, one of the things were trying to get done in congress is passed legislation that is -- will not raise taxes a single penny for anyone making less than 400 grand. it will only be a smidgen for dealing with insulin. 200,000 kids type one diabetes.
they don't get their insolent, many of you may know somebody or you may have type one diabetes. and need insulin. it costs $10 a bottle to make. average price? average price, $646 a month. not only imagine what happens when you don't have that money because you don't have insurance or the cash, imagine being the parent of a child with type one diabetes. and there's not a dam thing you can do. it deprives you of your dignity. it takes every thing away from you. well, guess what? for little or nothing, we can limit that price to $35 a month. [applause] pres. biden: that's a story we
are going to keep writing. i'm not some buddy that i think should be able to make a million or billion dollars. just pay your fair share. just pay a little tiny bit. not a joke. of the fortune 500 companies, and i come from the corporate capital of the world, not a joke. the companies incorporated in the entire's -- in the state of delaware are more than the entire united states combined. i was a senator for 36 years. but guess what? 55 of them last year did not pay a single penny in tax and they made $40 billion. so folks, look. we have to keep going on so many other issues and problems that affect all americans. for example, equity and opportunity. they require more
than investment, they require criminal justice reform. companies taking action, my administration sees people who need it badly. making changes in federal law. police need more money, not less, in order to have social workers teach them how to do their job better. but also, we need rules. no more chokeholds, no more no knock warrants, requiring federal agency where protective body cameras. are we going to stand in the way? stand in the way of justice? i'm sorry to be partisan about that, but they are. they're not willing to do anything. we are taking action. today my ministry should has released the first ever equity action plan. right now, more than 300 concrete commitments to tear down the systematic barriers that a been allowed to fester for far too long america. things like getting pollution
out of low income neighborhoods. they're always the last area to be touched. in delaware, we are a big chemical industry. guess what? going down the state, we have one of the highest cancer rates in america. why? because all of these poor communities live near these places. when i was growing up in claremont, delaware, not a joke, we live right on the pennsylvania border. it was a steel town. oil refineries, more than anywhere than anywhere but houston. guess what? my got to be fall i was in fourth grade and we got a little frost. my mom would get in the car and driving to school which is only three quarters of a mile away on a highway. turn on the windshield wiper and there would be an oil slick on the window.
that would not have happened where i live now in a nice neighborhood. it never happened. making sure that business can access capital that they need to grow. so no committee is locked out of opportunities. [applause] pres. biden: i'm not saying this because i'm at an hbcu, i have been saying this my whole career. when i ran for office, i said i am sick and tired of about economy. i am about building from the middle and out. when the poor have a way out, the wealthy do very well. the bottom line is this. the united states is in a position to outcompete the world once again. an incredible opportunity ahead of us. we still face tremendous challenges. but if we keep coming together and invest in the backbone of america, our great universities, hard-working families, stem
education, clean technologies for tomorrow, there is simply no limit -- i mean it, no limit to what we can achieve. so let's continue to give working families a fighting chance. let's keep investing in the future of this country, of every community. and let's face these challenges head on. let's keep building a better america. because that is who we've been, that is who we are and we can do this. still grow the economy, still be the wealthiest nature -- nation the world, reduce deficits by growing. growing, growing, growing. there is not a single thing america cannot do when they do it together as the united states of america. god bless. [applause. ]